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What will be the outcome of Tupperware's Chapter 11 bankruptcy proceedings by September 30, 2025?
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Resolution / Starting Odds
Company is sold • 25%
Company restructures and continues operations • 25%
Company liquidates assets • 25%
Other • 25%
Official court records, press releases, or financial news outlets
Story
Tupperware Files for Chapter 11 Bankruptcy in Delaware Amid Declining Sales
Sep 18, 2024, 10:24 AM
Tupperware Brands has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. The company, known for its iconic plastic food storage containers, has been struggling with declining sales and growing competition for several years. Tupperware listed assets between $500 million to $1 billion and liabilities ranging from $1 billion to $10 billion. The company plans to continue operations during the bankruptcy proceedings and will seek court approval for a sale to protect its brand. CEO Laurie Ann Goldman cited the challenging macroeconomic environment as a significant factor impacting the company's financial position. Tupperware's shares have plummeted, losing 57.5% of their value to just 51 cents a share.
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Acquired by another company • 25%
Reorganizes and continues independently • 25%
Liquidates assets and ceases operations • 25%
Other • 25%
Company is sold • 25%
Company is restructured and continues operations independently • 25%
Company is liquidated • 25%
Other • 25%
Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
Liquidates assets • 25%
Other • 25%
Emerges successfully • 25%
Acquired by another company • 25%
Liquidates assets • 25%
Other • 25%
Reorganization and emergence from bankruptcy • 25%
Sale to another company • 25%
Liquidation of assets • 25%
Other • 25%
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Yes • 50%
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Less than $500 million • 25%
$500 million to $1 billion • 25%
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Undisclosed • 25%